Please wait while we enable your Account

0%

Contacting Amazon Web Services
Deploying Cloud Servers, Storage, Transcoding & Database Servers
Deploying Global CDN
Deploying Firewall & Enabling Security Measures
Deploying the CMS & Admin Module
Deploying Website, Mobile & TV Apps framework
Creating your FTP account
Finishing up all the modules
Preparing for launch

Spotify set to go Public, to be listed on NYSE

Jayadeep Subhashis Published on : 05 January 2018

According to sources, Spotify has filed a confidential registration with the Securities and Exchange Commission which has confirmed the speculation that the company may go public. Through this registration, Spotify will have its shares listed on the New York Stock Exchange in the first quarter of this year.

By virtue of this move, Spotify has aptly avoided the bureaucracy of a standard initial public offering, saving time and underwriting fees that count to million. This event is perhaps the most prominent music-related listing since Pandora Media’s initial public offering in 2011.

According to Nielsen, the streaming services like Spotify, Apple Music, and Amazon Music account for more than two-thirds of the business in the United States and have a huge market ahead. Though the company has suffered a loss worth $600 million in 2017, still has 60 million paying subscribers under its belt. Also with around 80 million users of Spotify’s ad-supported free version, it is currently the most popular audio streaming company.

Despite the vibes, the Swedish company has kept mum over the issue.

 

Written by: Jayadeep Subhashis

Jayadeep Subhashis is a Content Marketing Expert with Muvi. He works closely with Muvi Marketing Team and conveys the Muvi brand story and business offerings through powerful web writing, articles, whitepapers, customer success stories, client communication & more. When not working, you can find him binge-watching on Netflix or reading Hollywood Reporter or dreaming of Meryl Streep, his all-time favorite actress!! You can follow him on LinkedIn: Jayadeep Subhashis Hota Twitter: @JayadeepSubhas1

Add your comment

Leave a Reply

Your email address will not be published.

Try Muvi One free for 14 days

No Credit Card Required

.muvi.com
Your website will be at https://yourname.muvi.com, you can change this later.

Upcoming Webinar
April 25

8:00AM PST

Keep it Secure, Keep it Safe: Tips and Techniques to Protect Your Video Content

Streaming content security has quickly elevated to the number one priority across the industry. That’s because billions are being lost in live event revenue, such as sporting events,…...

Event Language: English
1 hour